BRIEFING: EU plan to extend carbon market to departing flights hits turbulence
The European Commission remains divided over whether to include emissions from departing flights in the EU Emissions Trading System (ETS) as part of the upcoming overhaul of the bloc’s carbon market, an official said Wednesday.
Read MoreCDR MONTHLY: Market consolidates after SBTi update provides long-term boost
June saw the durable CDR market consolidate as developers digested an announcement from the Science Based Targets initiative’s (SBTi) that will see a demand boost in the long term, as monthly contracted tonnes fell to around 350,000 tonnes in deals.
Read MoreINTERVIEW: Canada must install nature compliance markets, learn from neighbours
Canada must learn from international programmes and install nature compliance markets to ensure protection of its vast natural resources, according to a report that sets a roadmap for making nature relevant for government and business.
Read MoreBRIEFING: China’s shift to absolute ETS caps may create new model for developing countries
China’s experience in finetuning its national ETS, particularly its transition toward absolute caps, could serve as a model for other developing countries, a conference heard Wednesday.
Read MoreBRIEFING: Chile’s low CO2 tax rate excluding REDD+ credits, unlikely to rise
Chile’s Ministry of Environment (MMA) is actively courting REDD+ projects to diversify the portfolio of carbon credits used to offset its CO2 tax – but the low $5 per tonne tax rate can make it economically inviable to integrate them.
Read MoreBRIEFING: EU revamps pilot heat auction in test run for future Industrial Decarbonisation Bank
The European Commission is overhauling its pilot auction for industrial heat decarbonisation, after last year’s first round drew strong interest on paper but ended up using less than half of its €1 billion budget – a result Brussels now frames as a warning for the future EU Industrial Decarbonisation Bank.
Read MoreANALYSIS: What will the biodiversity market look like in 2040?
A huge amount of effort is going into developing and scaling up the global biodiversity market, but regulators need to take on a key role if nature is to get significant investments via market mechanisms, according to experts.
Read MoreINTERVIEW: SAF made from waste plastics can be “bridging fuel” for aviation, experts say
Producing sustainable aviation fuel (SAF) from waste plastics could act as a “bridging fuel” in decarbonising aviation before the scale-up of other fuels with a stronger emissions saving profile, say experts.
Read MoreDATA DIVE: Forestry units sees NZ stockpile inch up in June as ETS applications stay low
Forestry allowance issuances has been attributed to NZU holdings growing modestly in June, according to EPA data published Tuesday, as new applications into the ETS continue to remain flat.Â
Read MoreClimate Litigation Roundup: Fossil fuel cases move from companies to the rules that enable growth
Climate litigation this month focused heavily on the rules and approvals that shape fossil fuel growth, as claimants challenged gas projects, clean air waivers, liability shields, carbon offsetting, and corporate transition claims, and new research found a persistent accountability gap for the companies most closely tied to historical emissions.
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